Cost of Living in Smithland, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.2
100 = national avg
-1.8 vs national average
Living Wage (1 Adult)
$43,229
per year
Living Wage (Family of 4)
$102,178
per year
Cost Index by Category
Housing62.9
Food113.4
Transportation126.9
Healthcare110.8
Utilities100.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$925
per month
2 Bedroom
$1,154
per month
The overall cost of living index in Smithland is 98.2, which is 1.8% below the national average. Housing costs are below the national average at an index of 62.9. A single adult needs to earn approximately $43,229 per year to cover basic expenses.